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economy, it will cost american jobs. republicans have taken action to overt the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester. and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it will be impossible to address the debt crisis and get our economy going again and create jobs. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. time for the president, congressional democrats to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> doctor would you not tell democrats what specific spending cuts you would like to see? >> it's been clear over the last year and a half i've talked to the president about many of them. you can look at our budget where we drought line very specific proposals that we passed in last year's budget an
, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernible] >> it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know what the menu is. we do not know what the white house is willing to do to get serious about solving our debt crisis. [indiscernible] >> i am not going to get into details, but it is very clear what kind of spending cuts need to occur, but we have no idea what the white house is willing to do. >> most public statements have been optimistic. we ar
've been talking a lot this morning about the fiscal cliff the impact on middle american families particularly. but there are a lot of people who are saying today well, let's teach the republicans a lesson. let's let them go over the cliff. why not. and then see what happens. does it make any sense to you? >> look. you know, i'm into actually solving things. not retribution. i'm a teacher. and what you do is you try to -- you try to educate people. you know. if you have to protest. if you have to activate. you do those things. but at the end of the day the american people actually said really clearly in the election by the polling data about congress and you see what they said -- what was litigated during the election. and what they said during the election. every single day. barack obama, joe biden the people running for senate said we have to have a balanced approach which means more revenues. they said that. it was pretty clear. and the american people voted for the president and the biggest popular vot
to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here, and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you, u.s. congressman lee terry, thank you so much for coming. >>> up next, president obama had mitt romney over for lunch at the white house. do you believe it? i'd love to know what happened in that room. it's the latest edition in the often frosty relationship between the presidential rivals. it was pretty warm for about an hour on election night. this is "hardball," the place for politics. >>> well, this next story should surprise no one. the 112th congress is on track to be the least productive since the 1940s. with just weeks left, the congress has passed 196 bills into law, many of them ceremonial pieces of legislation like the naming of courthouses. since the 1940s the least productive congress was the 110th in the mid-'90s which passed 333 laws into law. the current congress would have to pas
and if the u.s. does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum tax. that is potentially $3700 additional tax liability. we have the elimination of the 2% social security benefit and up to $55 billion on the s
of their daughter three months ago. >>> to our continuing coverage of the fiscal cliff. treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> report
have to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here, and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you, u.s. congressman lee terry, thank you so much for coming. thank you, congressman connolly. >>> up next, president obama had mitt romney over for lunch at the white house. do you believe it? i'd love to know what happened in that room. it's the latest edition in the often frosty relationship between the presidential rivals. it was pretty warm for about an hour on election night. this is "hardball," the place for politics. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good
this fiscal cliff, people are not going to care whose fall it is, they are just going to know we're in a deeper abyss. lou: we have our eyes to follow, we see speaker boehner and mitch mcconnell in washington. the president is not there. that has to be a tough sell? isn't it? >> there is a long way to tiperary . when it comes to these negotiation, predent was willing last year to haveore cuts than tax increases, he is still there. this is going to be a long process, we will get there. if we don't, it is not the end of the world. world. lou: you are going down in history as fellow who called a multitrillion dollar reversal a bunny hill. >> it won't be. lou: i admire your certainty. >> there are two key points we've not discussed. i think that the president wants to go over the fiscal cliff, he wants all of the tax rates to go up, he needs that revenue,nd more important we know he is not going to get blamed. the madial protect him -- media will protect h. the other thing, this president, for a long time has tald about a balanced approach to deficit reduction, we assumed revenue on
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly
solution to avoid the fiscal cliff. take a look at an abc news washington post poll that shows 60% of americans support upper income americans having their taxes raised. 37% oppose it. on issue of reducing deductions, 44% support that. 49% oppose it. much like lawmakers they realize there is a big problem that needs to be fixed but divided on how to fix it. >> in addition to the goings on in the capitol there is a big lunch at the white house today. governor romney coming by for a bite to eat. a lot of speculation about what might be discussed at the meal and the possibility of maybe future job? >> jay carney pushed back on that yesterday. the president said there was no suggestion here that he had a special assignment for him. the president invited mitt romney to come to the white house because he wanted to talk about moving the country forward. the president pointed out that out there on the campaign trail mitt romney had good ideas. he wanted to talk to him about that. not necessarily partisan ideas but ideas like job creation for the middle class. the president pointed to mitt
of it is also a game of chicken where they both swerve off the road and we do go over the fiscal cliff. there is a big penalty to be paid for it. i think the american people were hoping that both sides would be able to come together. hopefully they will. it's hard to say whether behind the scenes things are better than we think or 0 whether this rile is a titanic battle that is going to be fought out and we're going to go over the cliff. no one knows that for sure yet. jenna: that is the truth. how do you think this sets us up for the year ahead. we have some really big challenges that our don't tree facescountry faces. your thoughts and how big of a role party is in this problem, and in not being able to really get any resolutions, and kick the can down the road. is the party the problem or is it something else? >> i think a lot of it is both parties and problems within both parties. i think a lot of the players that are sitting here already today making these decisions are looking at the 2014 re-election bid, and they are not worried about the other party. their seats are safe for th
that is a coincidence? republicans and democrats sparring over how to avoid a fiscal cliff. potential disaster that they created. >> and a clear majority of americans. not just democrats, but also a lot of republicans and a lot of independence agreed we should have a balanced approach. >> we all know that we have had this been in crisis coming at us like a freight train. it has to be dealt with. lou: 33 days to go. can the president and congress fix the mess they have created? the "a-team" joins us. washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine by him. we will show you why hoffa and some of his union buddies are ready to go over the cliff. susan rice apology to or on capitol hill goes on. another day of meetings with senators and more unanswered questions. >> i still have many questions that remain unanswered. i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role. lou: israel, gaza, egypt, and ron, american foreign policy. will we ever get the facts on what happene
the fiscal cliff. our first guest is author of victory at yorktown live in virginia as part of his american legacy tour, former presidential candidate, newt gingrich. welcome back. >> good to be with us. interesting times. sean you have a smile on your face. >> sure. >> sean: a lot of our tpraepbs are not happy about in. >> un reasons i write historical fiction is to remind people that sometimes freedom is difficult, crossing the delaware christmas night in a snow storm was difficult. marching nine miles with a third of the army wearing burlap bags because they had no boots leading a trail of blood, difficult. where are we today? you have a president who believes that he can bully and out-maneuver and out-propagandize the republicans. he believes the republicans will cave. and he's treating them with a level of dis-- disdain and arrogance i think is breathtaking. republicans need to take a big step back. rethink the role of the legislative branch. understand they've gone down a trail that has no positive outcome. a legislative branch does five things: appropriates, legislates, oversight, it
the fiscal cliff is. move a lot of the damage to the economy on january 1. let's go ahead and pass that. we can debate the upper income taxes and the spending later. it's not implausible, you can make a sophisticated argument why it's a mistake but as a first blush argument the president has the advantage. >> bret: juan? >> i think that you are starting to see much of the posturing and the poxing and the -- positioning and the democrats and president have advantage and trying to take advantage of it. you see it from the polls that come out and most people blame republicans if there is to deal. right now just what you saw from speaker boehner. speaker boehner says the president is asking for $1.6 trillion in terms of added revenue. boehner has come out and said he will do a deal with $800 billion, which is what the president was asking for before. what you have is the outline now, the early outlines of some in between spot where they could in fact find middle ground. then you have the democrats trying to put pressure on the republicans to name their own cuts. where would you cut in addition
on these fiscal cliff negotiations is starting to get controversial. the president urging americans to go to twitter and tweet my2k. do you know what it means? if you are on twitter and you want to get a conversation going you can do hash tag which is the pound sign and then put something in. in this case they want you to put in my2k which is my $2,000 if we go over the cliff. republicans says this ignores larger issues including out-of-control spend and entitlements. conservative think tanks are using hash tag my2k possibly making the online debate more complex. we are learning what went on behind closed doors at a senate homeland security briefing on the deadly terror attack on our consulate in libya. our next guest was inside that room. ron johnson joins me now. senator, welcome to the program. what can you tell us about this morning and what we learned. did the ball get advanced into this investigation in benghazi? >> i came away from that hearing with the conclusion that this administration mislead the american public for a couple weeks after that attack and used ambassador rice as t
americans sent us to do. >> you mentioned the fiscal cliff and i want to ask you about it. president obama even in his p - proposal yesterday had entitlement cuts including to medicare. you have in the past been resistant to cutting entit entitlements. does the result of the election -- i've heard many people on the democratic side say, look, we won. we don't need to make concess n concessions to republicans on entitlements. we can raise the top rates without making these concessions. do you think the president is even in this first proposal giving away too much on the entitlement side? >> i think it's important to note that there's a difference between working to cut medicare and protecting the benefits. and itch said repeatedly that i will not vote to cut the benefits people have earned and depend on because they put those benefits into place, one, this in the middle of a depression, social security, and the other one, medicare, because they were needed. republicans and democrats recognized they needed these programs because people got old and people got sick and they still do. so i wi
happened to these people those are four americans dead and we're going other the fiscal cliff. there's still unresolved issues. >> what i don't get is if there are four murders in any town or city in this country, and on september 11th it was still unsolved, it would still be front page news. >> right. >> for some reason if we ask questions about it. >> you're obsessed with benghazi. >> we're obsessed or politicizing it, and the irony of it is the way to end the discussion is to give the information. all of it could be ended that way. >> where is the investigation? this is the longest-running investigation. columbo could have solved this by now. they didn't send the fbi until what was it, you were all over t. five weeks after the hit on september 11th. the fbi was still not on site. it's all just bizarre. >> that's why we need anna wintour. let's put her in charge of the investigation. maybe she'll get the answers. at least she'll be dressed well. >> tell me about your radio show. what's up with that? >> a lot of great speculation. a bit of a high day tus hiatus. i'll announce what i
bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the speech, he started to speak and that is what is holding us back ironically is stuff that is going on in this town, and he also, the president also said, no one wants to get a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this
in what's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it, and i would hope the white house would get serious, as well. >> welcome to the journal editorial report. i'm paul. not exactly a meeting of the minds this week between president obama and house speaker john boehner on just where talks to end the fiscal showdown stand. the president, for his part, took his case to the public and repeated his call for a tax hike on upper income americans but made little mention of cuts to entitlement spending. something the speaker said must be part of any final deal. joining the panel this week, wall street journal columnist and deputy editor dan, and ms. o'grady and washington columnist kim stossel. you are stuck in washington having to talk to all the sources. and you have been working them this week, i know. is the mood as sour as it sounds? >> it is by the end of this week and here's why. republicans came out right after the election and said to the president, you want revenue, here. you want revenue on the we
. whenever you hear members of congress talk about any kind of fiscal cliff deal you have to approach it with a sort of believe everything and believe nothing attitude. i think that everybody wants to avoid having taxes go up for all americans as of january 1st but everybody has a price for that. and it, to me, it's about whether or not both sides are looking for a win-win deal, meaning, my opponent wins and i win. or whether both sides or one of the sides are looking for a deal where only i win and you lose and on top of all of that then we have to look at what do they want to include in any sort of deal? are we going to address entitlement reform? are we going to cut spending? are we only trying to deal with the tax cut issue? will we try to address the debt ceiling issue? so there are a lot of moving parts here. jon: it seems the campaign promise of the president to raise taxes on couples making over $250,000 a year, it seems like that almost has to come true in some form for the president and the democrats to swallow a deal? >> i think so. i think the president has been committed
'm disappointed in what's happened over the last couple of weeks. the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap
the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part of the discussion and it's now morphed into the tax increase and democrats lost interest in the taxing and can we put them on compromise on simpson-bowles and i think so far, the media with exception of a few reporters haven't caught on, but we see charles krauthammer, andrea tantaros, watch out. you're being snookered. >> and pushing republicans towards tax increases and john boehner said we're up for revenue-- >> as several have pointed out the democrats won the election and that means that there are consequences and financial consequences
about the fiscal cliff and some of the issues surrounding that. we are going to look at a specific issue of so-called tax extenders a little bit later with sam goldfarb. he will also be talking about tax issues in general when it comes to the fiscal cliff. if you have questions about tax issues or comments about how taxes should be included in these discussions, he will be taking your calls. up next, we're going to have a look at republicans and the fiscal cliff negotiations with radio talk-show host and columnist armstong williams. that is coming up next as we continue the "washington journal." ♪ >> why a writers institute? i think it is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page. but i think that there is no other art form so readily accessible other than perhaps -- but it is something -- there is something in literature that captures the humans. . >> this weekend, we look behind the scenes at the history and literary life of new y
to art. congratulations to all. that is your 5@5:00. >>> with a few weeks until the year end fiscal cliff there is still no deal in sight. both sides are showing no signs of budging. kelly wright is live in washington with details for us. >>> less than month ago for tax hikes. they automatically place democrats and republicans are further apart on a the plan. tim geithner changed the plan last week. that plan calls for 1.6 trillion of higher taxes over the next decade $50 billion stimulus package and provide 600 billion in spending cuts. he is waiting for root pe kaub cans to respond to the plan for the president's proposal. >> we think that's a good set of proposals and good for the economy. if they have different suggestions they should slay it out to us. >> republican leaders should make the deeper cuts on medicare, medicaid and social security. as for raising taxes on the wealthy, republicans want a great higher revenue for closing loopholes and limiting deductions not a tax hike. they are not pleased with the president's proposal. >>> i was flabber fasted. i looked at them said you c
a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is reall
to break it with pressure points from the american people pushing republics because republics are now in a defensive posture where if they don't act in the next few weeks and we do fall off that so-called fiscal cliff, taxes will go up on everyone. and the fact is republics against tax increases so the president basically put the pressure on. take a listen. >> a clear majority of americans, democrats, republicans, independents, they agreed with a balanced approach. deficit reduction and making sure that middle class taxes don't go up. folks agreed to that. now, the good news is we are starting to see a few republics coming around to it too. >> now, house democratic leader nancy pelosi put an even finer point on it today saying flatly, elections have consequences suggesting democrats are not going to give in on their push for higher taxes on the rich. shep. >> shepard: by any measure, ed, the president came in strong, even folks on the left are saying it and john boehner seems very unhappy. >> he is unhappy because he doesn't want to give in on the part about tax hikes for the rich. bu
without an increase in tax rates for the wealthiest americans and if that meant going over the fiscal cliff republicans would be to blame. so nancy pelosi, little scamp that she is, she is threatening -- [ ♪ "world news tonight" ♪ ] she threatens to force a vote if the republicans don't act on the middle class tax cuts. tee-hee. i'm guessing boehner is going to be -- >> flabbergasted. >> it has never been done before. >> ever. flabbergasting. >> it is flabbergasting. >> stephanie: flabbergastacious. >> i'm impressed by your flabbergastivity. >> stephanie: lindsey graham went on to say we'll lose everything we know as america if we don't fix entitlements. we're becoming the greece of out-of-control spending. [ ♪ dramatic ♪ ] >> it in no way does that. >> stephanie: shut down that argument. the spending graphs of who -- >> nonsense. >> also, greece is falling apart because of the austerity programs implemented by the inf and the world bank. >> stephanie: we have references on that. they're wrong wrong wro
into next year. >> this is not -- the fiscal cliff is not about long-term solutions to anything. the fiscal cliff is not about solutions, period, not real solutions. what we have here is political gamesmanship. >> greta: tonight republicans have a sizzling question for president obama, what is his plan? senator john cornyn putting that message into a video. ♪ >> greta: senator ron johnson sits on the budget committee. he joins us. how you doing, sir? >> very well. >> greta: before i ask you what you understand to be the president's plan, the republicans put the revenues on the table. where do you get those revenues? >> first of all, a number of republicans said they're willing to consider that if they see the other half of the president's promised balanced approach. you know, where is he going to start restrained growth in government? we're open to working with anybody who's willing to acknowledge the problem. >> greta: who's going to blink first? >> first of all, let me tell you where you should get revenue. >> greta: okay. >> by growing the economy. just a couple numbers. already in thi
avoid the fiscal cliff. as if that was not bad enough, according to a recent gallup poll, only 18% of americans say they approve of the job that lawmakers are doing on capitol hill. and does the republican party's hope for 2016 lie deep in the heart of texas? that's the buzz about state senator-elect ted cruz, who says the gop needs to be more articulate in its message and rebrand itself under a banner he calls, quote, and remember these words. you'll hear them again, "opportunity conservatism." opportunity conservatism. even though his second inauguration is weeks away, president obama is prepping for another campaign. this one to raise money to build his official library. presidential libraries are a chance for every leader of the free world to shape his or her legacy. while it's an honorable project, it takes years of planning and a whole lot of money to do it. >>> well, could the end be near? new indications the administration sees the end of the war on terror. what does that mean for detainees at guantanamo bay? we'll have that next. is a unive. but when i was in an accident.
lawmakers have less than a month to reach a deal to avert the fiscal cliff. both sides seem to be digging in for a fight. the white house saying it will not agree to a deal without raising taxes on the wealthiest americans. the gop says they want to see changes made to medicare, medicaid and social security. here is republican senator kelly ayotte of new hampshire. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. i mean the revenue proposals are $1.6 trillion in revenue and tax increases. it is a massive tax increase but also, also not significant and meaningsful entitlement reforms. jon: a piece today in the "wall street journal" says more is at stake than just the fiscal cliff. quote, democratic lawmakers and party strategists say the success of his second term could ride on how this early battle unfolds. if mr. obama can cement a bipartisan deal to his liking many believe his approach to the negotiations could serve as template for tackling major issues that could play out over the next four years. yet for many other democrats
, not a serious offer. one second. tim geithner from sunday. >> to go over this fiscal cliff because republicans won't raise tax rates on the wealthiest 2% of american would subject the average american to big tax increase and enormous damage from the other cuts that would happen. there is no reason why the country has to go through that. bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes t
's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea is to accept a compromise that allows the wealthy americans to continue to not pay their fair share because the result of that will be middle class families will bear the entire burden of the challenges that this country faces. that's not fair or responsible. >> how do we do it? how does this country manage to get a decently fair deal in time to beat this cliff, avoid it? >> tom cole said it all. take what the president has offered right now. make sure that 98% of the people aren't affected by any tax increases. that's how we get it started. and patty is absolutely right. we have all these problems facing us and this is the way to do it. a bad deal would be saying to the millionaires and billionaires, you're going to get a big tax break. that's what the elections was about. we held an election. it isn't as if this was a sidebar issue, chris. this was a main issue. >> i know. >> so, we can fix this. we can stop the sequester right now. we can make sure that 98% of the people don't
. domestic issues here at home and republic leaders say we are now in more danger of falling off the fiscal cliff on new year's day. that would mean automatic spending cuts and the expiration of tax cuts for most americans. president obama sent his top negotiator to the treasury secretary. tim geithner to capitol hill today. he met with leaders of both parties. republicans say they made no progress. and surprise, each party blames the other. >> the democrats have yet to get serious about real spending cuts. and, secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we have said it, we have said it, we have said it so many times the president said the same thing. it's been weeks, at least two weeks since we met at the white house and are still waiting for a serious offer from the republics. >> shepard: after his meeting with secretary geithner the senate minority leader mitch mcconnell said of administration officials quote today they took a step backward moving away from consensus and c
to the fiscal cliff. timothy geithner on the president's offer to to republicans followed by a response from grover norquist. >> we're trying to make it more likely we come together on a good agreement for the american people that extends tax cuts for the middle class. >> do you think we'll get a deal by the end of the year? >> i do. the only thing standing in the way of that would be a refusal by republicans to accept that rates are going to have to go up on the wealthiest americans and i don't see them doing that. >> if the president doesn't stamp his feet and get his way, he should get into a room and negotiate. instead of hearing rhetoric, that was show, no economics. let's have it in front of c-span cameras. . if the republicans are being reasonable, we'll see that, if they are not, we'll see that. >> joining us is reporter for politico. ladies first. did anything that you just heard suggest we're any closer to it an agreement? >> not really. the white house has put forth this plan, this proposal. congressional republicans, house speaker john boehner rejected it. he was flabbergasted by
be for these secret discussions about the fiscal cliff if any within had worked. we have a history repleat with failure. i agree, it should be out in the open. >> first of all, these secret talks violate the principle of american government that would be open to every city county school board has open meeting laws you are not supposed to be meeting in secret. the argument has been like you said the only way get things done. we've gone two years and nothing has gotten done. it certainly is contrary to good public policy. >> greta: why do we continue to accept failure? don't the people working on this, we've been talking about this 18 months and we've had secret talks gang of six, eight, it has not worked maybe we ought to try something new like doing it out in the open? >> harry reid refused to bring up a budget, you and i have talked about that before. why? because he did not want a public discuss and did not want the public to layout a firm plan for how to fix our future it left us having to try desperately dramatic deadlines try to reach agreement among -- with a pew people in meetings n
of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >> shepard: well, republicans are saying they need some spending cuts. that they will also have to be part of the deal. and they are accusing the president of campaigning instead of negotiating. >> i mean, every week he spends campaigning for his ideas is a week that we are not solving the problem. it's completely counter productive. the election is over. he won. congratulations. and we have got a hard deadline here, however, and it's still he he is still out on the campaign trail, kind of celebrating. >> shepard: if the president and congress cannot cu
blamed no matter what they do. that's political environment. they might as well embrace the fiscal cliff. >> you heard peter difazio saying earlier in the program, democrat, go off the cliff, there is no cliff. no problem. >> folks on both sides. look, there's not a clip there and they're going to play chicken and go off. >> and then you're road kill at the bottom. >> that's exactly right. most folks are saying since the economy's improving, congress, don't screw it up and you get some folks on the far left and far right, there's no cliff, don't worry about this. we're after the election, this isn't an id lodgical debating society. this is about getting something done. let's work on a short-term deal. >> the deal that's there, we're in this situation because congress came up with what they're calling the fiscal cliff now and they're calling it the fiscal cliff because they don't want to e embrace either the tax increases or spending cuts and i think it's foolish to think this congress can come up with a better deal. >> you know what's interesting, to eric's point, there is a great irony
on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a nonstarter. when you went up there, you didn't think republicans were going to go good idea. >> you know, what we're trying to do is get these guys to come together and reach an agreement that's going to be good for the country and good for the question xhe. >> by these guys you mean you all and the republicans. >> and democrats together. >> and the white house. >> that's what we're trying to do. what we did was put forward a very comprehensive, very carefully designed mix of savings and tax reforms to help us put us back on the path to stabilizing our debt and fixing our debt and living within our means. we've been very detailed about how to do that, both on the spending side and revenue s
: a lot of the leadership and the players in these fiscal cliff discussions coming to the microphones moments ago. here is eric cantor, here is what he said. >> we have not had any discussion and any specific w-s thispecifics with this president about the real problem which is spending. we have got to do something about the spending. an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. we can't just keep borrowing money and raising taxes and roblem to go away. that is our point to the president. as the speaker said, we want to sit down with the president waoerbgs wan, we want to talk spefrs. w specifics. we put an offer on the table. he out of hand rejected that. where are the specifics, and the discussions, nothing is going on. meanwhile people of this country are the ones who suffer. we ask the president, be specific about the spending, so we can address the wasteful spending in washington and address the problem. martha: eric cantor and john boehner saying
say, well, the majority of american people want these tax cuts for the 98% or does this make him toxic? >> i think there is a time for politics and a time for governing. we are now approaching this fiscal cliff. it is time to govern. this election was a mandate for solutions. it was a mandate for consensus and compromise. house democrats have already said we would compromise. we want to get to higher ground with the republicans. i hope that speaker boehner will also see the handwriting on the wall and enforcing discipline in his own caucus and try and meet us in a compromise that reduces spending smartly, that pays down our deficit, that protects the middle class and that grows this economy again. we can do this if he is willing to compromise. today, he said, once again, he is not willing to compromise. >> here we go, round 14 or whatever it is. congressman steve israel, great to have you with us tonight. thanks so much. >>> the republican smear campaign against ambassador, susan rice, continues as more senators pile on. karen finney weighs in on what's the next best move then? the tim
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